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Weak pound sees Kia increase prices

Thu, 26 Mar 2009
People looking at buying a car next month may find they end up paying more than they were expecting to.

Kia is the latest manufacturer to announce it is passing on rising costs to the customer.

The carmaker explained it had resisted for as long as possible but the continued weakness of the pound had made its position impossible.

Prices on most of the company's models will go up by around three per cent from April 1st, although buyers will continue to pay the same for the recently released Soul and Magentis.

Despite the rises, managing director Paul Philpott said the firm's cars still offer great value for money.

"The increase we are making now will be kept to an absolute minimum and still maintains Kia's competitive position in the market," he claimed.

In other motoring news from the manufacturer, it recently announced it would be offering a seven-year warranty on some used cars as well as on its new models.

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